KARACHI - Federal Investigation Agency (FIA) Karachi on Thursday arrested three persons allegedly involved in illegal business and activities of Hawala/ Hundi.

According to an FIA spokesman, the State Bank Circle of FIA Karachi arrested a manager of Swiss Exchange Company and his two associates, who were allegedly involved in illegal business and activities of Hawala/ Hundi under the garb of license. Accused were arrested in a raid conducted at their office located in Saddar area of the city and seized items and other documents from the possession of the accused. The suspects used copies of the national identity cards of their customers to smuggle US dollars to Dubai and for the purpose the suspects used a cash carrier. They were assisted by accused identified as Harris in Dubai. 7,000 US dollars and PKR 4 million rupees in cash were confiscated from the arrested.

A case has been registered against the accused Muhammad Khurram Nathani, Banaras Aziz, Muhammad Haris and others. Further investigation is underway.